WorldRemit launches online money transfer service to South Africa

South Africans can now send money to any bank account back home

London - 20 June 2011: WorldRemit today announced the launch of an online money transfer to South Africa, a service that enables the Diaspora to send money to any bank account in South Africa using a variety of payment options including debit cards, credit cards and Interac Online (Canada). The new service offers customers unprecedented convenience and helps them avoid the high fees normally associated with bank transfers.

"Until recently, a mention of money transfer conjured up images of tedious queues at the bank, filling out forms and paying steep fees to wire money to family and friends back home"said Ismail Ahmed, CEO of WorldRemit. WorldRemit is redefining this notion with a world-class money transfer platform designed to make money transfer easy and convenient, with fees starting from as low as £2.99.

"We have gone to great lengths to develop an eminently user-friendly and secure website, and to ensure that the entire process of registering and doing a transaction takes only a few minutes"said Richard Igoe, CTO of WorldRemit. "It is a seamless 3-step process, where all the customer needs to do is enter the transfer amount, the recipient's name and bank details, and then pay online. A unique online verification system enables us to identify customers without asking them to fax or email copies of ID documents."